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    What Intellectuals Still Don’t Get About Crypto

    What Intellectuals Still Don’t Get About Crypto

    “Yes, Web3 is a bunch of bullshit. The problem is, compared to what?”That subhed to Matt Stoller’s newsletter this week set me off even more than the headline, which read, “Cryptocurrencies: a Necessary Scam?”To be clear, my issue isn’t with the all-too-common...
    Why Is Bitcoin Dropping if It’s an ‘Inflation Hedge’?

    Why Is Bitcoin Dropping if It’s an ‘Inflation Hedge’?

    This morning, the U.S. Bureau of Labor Statistics released updated numbers for its inflation-tracking Consumer Price Index (CPI), showing U.S. inflation has hit a 6.8% annualized rate. That adds up to the highest year-over-year inflation rate since 1982, which is...
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